Wall Street doesn't buy Trump vows on immigration, cost cuts [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
Goldman Sachs shared a survey Sunday showing that while investors believe that immigration will slow during Trump's second administration, only six percent of investors think that net migration — the difference between the number of people entering versus leaving — will become negative. Wall Street appears to be assuming that regardless of Trump's planned crackdown, more people will come into the country than are removed from it. Business owners have warned that mass deportations could shrink their workforces and mean higher prices. Industries like farming and construction could take an especially hard economic hit. But the Trump administration's efforts to deport millions of people will likely be slowed down by drawn-out legal processes and logistical issues. Almost half of the investors surveyed think that annual immigration will hit an average of between 500,000 and one million during a second Trump term, according to CNN . The most recent annualized rate stood at about 1.75
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